In 20 years, you would like to have $250,000 to buy a vacation home. a. If you have only $30,000, at what rate must it be compounded annually for it to grow? b. Use a spreadsheet to illustrate the growth of your money after you calculate the rate of growth.

2. In 20 years, you would like to have $250,000 to buy a vacation home. a. If you have only $30,000, at what rate must it be compounded annually for it to grow? b. Use a spreadsheet to illustrate the growth of your money after you calculate the rate of growth